Contributors Technical Analysis Crude Oil Bullish Bias Above 73.50

Crude Oil Bullish Bias Above 73.50

Pivot (invalidation): 73.50

Our preference Long positions above 73.50 with targets at 74.25 & 74.75 in extension.

Alternative scenario Below 73.50 look for further downside with 73.10 & 72.70 as targets.

Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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